Agree Realty Balance Sheet Health
Financial Health criteria checks 2/6
Agree Realty has a total shareholder equity of $5.3B and total debt of $2.7B, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are $8.2B and $2.9B respectively. Agree Realty's EBIT is $293.4M making its interest coverage ratio 2.9. It has cash and short-term investments of $14.0M.
Key information
50.6%
Debt to equity ratio
US$2.68b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$13.97m |
| Equity | US$5.29b |
| Total liabilities | US$2.89b |
| Total assets | US$8.18b |
Recent financial health updates
No updates
Recent updates
Why Buy Treasuries When You Can Buy Agree Realty
Nov 13Agree Realty: A Strong Performance, But Preferreds Getting Less Attractive
Oct 30Agree Realty Q3 Earnings: Buying What They Are Selling
Oct 24Resolving Dilemma Between Realty Income And Agree Realty
Oct 15Agree Realty: No Longer Undervalued, Still A Buy
Sep 23Agree Realty: The Multiple Expansion Has Not Made The Case Unattractive
Sep 16Agree Realty: Common Or Preferred? One Is The Better Buy
Aug 15Agree Realty Q2 Earnings: Still A Strong Buy In The Net Lease Sector
Jul 24Agree Realty: Potential Addition To Dividend Growth Portfolios
Jun 26Agree Realty Corporation: Elite-Level Business Metrics With Room To Further Outperform
May 25Agree Realty Q1 Earnings: Key Takeaways That Earn The Stock A Strong Buy
Apr 24Investment Spread And NAVPS Suggest Agree Is Fairly Valued
Apr 15Agree Realty: Why I Bought The 5.3% Yielding Commons
Mar 21Agree Realty: Better Growth Prospects Than Realty Income
Mar 01Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)
Feb 22W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned
Feb 13Agree Realty: Who Else Is Backing Up The Truck With Me?
Jan 30Agree Realty: Off The Lows But Still A Long-Term Buy Candidate
Jan 08Agree Realty: A 5%-Yielding Monthly Dividend Payer On My Radar
Dec 14Agree Realty: 4.9% Yield, Monthly Payer, Great Preferreds
Dec 04Agree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right Now
Nov 06Realty Income And Agree Realty: Less Dumb Than The Stereotypes
Oct 19Perception Is Not The Reality: 2 REITs I'm Buying All The Way Down
Oct 13Agree Realty: One Of The Best Picks For A High Interest Rate Environment
Sep 28Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive
Sep 14Agree Realty: Buy The Dip For The 4.8% Yield
Sep 08High Annualized Upside From Agree Realty At A Low Valuation
Aug 29Agree Realty: Putting Their Money Where Their Mouth Is
Aug 08Agree Realty: A Great Time To Buy The Dip
Jul 31Agree Realty: A Perfect Tenant Replacement Stock
Jul 11Financial Position Analysis
Short Term Liabilities: ADC's short term assets ($125.8M) exceed its short term liabilities ($115.9M).
Long Term Liabilities: ADC's short term assets ($125.8M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: ADC's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: ADC's debt to equity ratio has reduced from 62.3% to 50.6% over the past 5 years.
Debt Coverage: ADC's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: ADC's interest payments on its debt are not well covered by EBIT (2.9x coverage).